Temasek Holdings Private Limited, a Singapore-based investment firm, has increased its stake in Adani Ports and Special Economic Zone Limited (APSEZL) from 1 per cent to 2.3 per cent by acquiring 27.05 million shares. The […]
APSEZL has agreed to pick up a 97 per cent stake in Marine Infrastructure Developer Private Limited, which operates Kattupalli port, from Larsen & Toubro (L&T). The transaction has received the relevant government and regulatory […]
Russia-based Sistema has sold its 10 per cent stake in Reliance Communications (RCOM) after having lost about $4 billion on its investments. Earlier, in October 2017, Sistema had sold its Indian mobile telephony business, Sistema […]
The Rise Fund, a global impact fund led by TPG Growth, has invested Rs 4.75 billion ($70 million) in Fourth Partner Energy, a renewable energy services company that is involved in the development and financing […]
Bharti Infratel has received approval of the Competition Commission of India for its proposed merger with Indus Towers Limited. Earlier, in April 2018, Bharti Airtel, Idea Cellular and the Vodafone Group had announced an agreement […]
REC Transmission Projects Company Limited (RECTPCL) has transferred 100 per cent shares of SPV Ghatampur Transmission Limited to Adani Transmission Limited (ATL). ATL received the letter of intent for the implementation of the project on […]
Coastal Energen has been put up for sale by a consortium of lenders led by the State Bank of India (SBI). The company owns a 1,200 MW coal-based power plant in Tamil Nadu and had […]
Sprng Energy Private Limited, an Indian renewable energy platform set up by British private equity firm Actis, has finalised a deal to buy solar assets from a Shapoorji Pallonji Group company. The deal involves the […]
The Maharashtra Electricity Regulatory Commission has approved the 100 per cent stake sale of Reliance Infrastructure Limited’s (RInfra) integrated Mumbai power business to ATL. The total consideration of the deal is estimated at Rs 188 […]
The Indian oil and gas industry is heavily dependent on imports. As per data from the Petroleum Planning and Analysis Cell, domestic crude production declined from 6 million tonnes (mt) in April-May 2017 to 5.9 […]
Sanjay Banga, who has worked in a range of different areas at Tata, including business development, contract management, power management and power systems control, took over as chief executive officer of Tata Power-DDL in May […]
Airport operators have rejected the proposal of the Airports Economic Regulatory Authority of India to provide their comments on the comparative study conducted by EY to ascertain the fair rate of return (RoR) earned on […]
The Andhra Pradesh government approved the development of the Bhogapuram Greenfield International Airport Project (Vizianagaram) on a public-private partnership (PPP) basis on June 19, 2018. Besides, the state government has approved a rate of Rs […]
The central government has decided to not go ahead with Air India’s stake sale in the election year 2019-20 and will provide the funds required for its continued operations. The decision was taken during a […]
Vistara has signed preliminary agreements with Airbus and Boeing for purchasing 19 narrow- and wide-bodied aircraft valued at $3.1 billion. The letter of intent signed with Airbus comprises an order for 13 A320 and A321neo […]
The government has deferred the bidding for 60 oil and gas fields being offered in the second round of bidding for discovered small fields (DSFs) from its original schedule in June 2018 to July 2018. […]
The cabinet has approved the construction of two more strategic petroleum reserves (SPRs) with a total capacity of 6.5 million tonnes (mt) in India. A 4.4 mt SPR will be set up at Chandikhol in […]
The Punjab government is considering setting up 160 biomass processing plants in the state. The plants will use paddy straw and agricultural waste to produce animal feed which will be mixed with coal. The state […]
The government has hiked the price of ethanol which is used for blending with petrol, by almost Rs 3 per litre to Rs 43.70 for 2018-19. This will cut India’s oil import dependence as well […]
The Oil and Natural Gas Corporation (ONGC) is seeking a gas price of at least $8.35 per million metric British thermal units (mmBtu) to break even production costs for coal bed methane from its Raniganj […]
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